World-Bank Backed Azure Starts Up Solar-Power Plant in India

The state government of Gujarat will buy power from the plant under a 25-year power purchase agreement, the New Delhi– based company said in an e-mailed statement. The International Finance Corp., the private-sector financing arm of the World Bank, is an investor in the project.

The 1.7 billion-rupee ($38 million) project at Khadoda village in Gujarat’s Sabarkantha district will be expanded to 10 megawatts by the time it’s completed, Azure said.